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Permanent Capital Losses after Banking Crises
The Quarterly Journal of EconomicsAbstract We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in restoring bank capitalization. We find that bank stocks experience large, permanent declines at the onset of crises.
Baron, Matthew +3 more
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The Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global financial architecture.
Alistair Milne, Geoffrey E. Wood
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Alistair Milne, Geoffrey E. Wood
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